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OpenSea may support Solana and Phantom wallets, with more exposure expected to drive overall trading volume

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OpenSea may support Solana and Phantom wallets, with more exposure expected to drive overall trading volume

Famous hacker and reverse engineering expert Wong Man Kin from Hong Kong shared a screenshot of the OpenSea website on his Twitter today. From the screenshot, it appears that OpenSea will support the Solana blockchain and the Phantom wallet.

OpenSea Information Leak

According to screenshots shared by Jane Manchun Wong on Twitter, the Phantom wallet appeared in OpenSea's wallet selection list and linking interface.

Additionally, Solana is now listed along with Ethereum, Polygon, and Klaytn in the supported blockchain list.

According to a report by Decrypt, an OpenSea representative stated that this is an old speculation, citing examples of leaked website screenshots from last year. OpenSea will comment when they have something to say.

Could Solana NFT Trading Volume Rise?

Currently, the majority of NFT trading volume comes from Ethereum. According to data from Dune Analytics, OpenSea holds over 90% of the market share in Ethereum NFT markets, excluding LooksRare, with daily trading volume averaging around $150 million in January.

In comparison, the combined daily trading volume of the top two NFT markets on Solana, Magic Eden and Solanart, is less than $10 million. If OpenSea officially integrates with Solana, it could bring more exposure to Solana's NFTs and potentially increase overall market trading activity.